Balance Sheets as of December $32020$ milisen

$20215$ milisen

b$.$ What was Ar linglan's $2021$ free cash flow?

$3$ million

C Construct Arlington's $2021$ statement of stockholders" equaty.

Balarious, $\frac{12}{31}\frac{?}{20}$

Shares

Statement of Stockholders' Equity, $2021$

Cammon Stack Retained

Amount

mill$$n $ milian $ Earnings

miline Equity

milien

milien

millan $ milian $ mailen $

Total Stockholders'

Equity

millan

$2021$ Net lneterne

Cash Drudends

Addition to notainod earnings

Balarious, $\frac{12}{31}\frac{?}{21}$

What was Ar inglon's $2021$ EVA? Assume that its after$-$lax cest of capilal is $10\%.$ Round your answir to the nearese carle.

$s$

milkon$1$

Assets

Cash and equivalents

Accounts receivable

Inventories

Total current assets

Net plant and equipment

Total assets

Liabilities and Equity

Accounts payable

Accruals

Notes payable

Total current liabilities

Long$-$term bonds

Total liabilities

Common stock $(4,000$ shares$)$

Retained earnings

Common equity

Total liabilities and equity

Income Statement for Year Ending December $31,2021$

Sales

Operating costs excluding depreciation and amortization

EBITDA

Depreciation & amortization

EBIT

Interest

EBT

Taxes $(25\%)$

Net income

Dividends paid

Enter your answers in millions. For example, an answer of $$25,000,000,000$ should be entered as $25,000.$ Round your answers to the nearest whole number, if necessary.

a$.$ What was net operating working capital for $2020$ and $2021?$ Assume that all cash is excess cash; i$.$e$,$ this cash is not needed for operating purposes.

$2020$$

million

$2021$$

million

b$.$ What was Arlington's $2021$ free cash flow?

$

million